How Uncle Sam Can Help Pay For Your New Smile
A home equity loan for the full amount of treatment ($50,000) would have a payment of roughly $430 per month (assuming a 6.15% rate for 15 years). The interest on this loan would be fully tax-deductible over the loan’s life. We can recommend a mortgage leader as well.
If the tax refund was applied immediately to the loan and the loan was refinanced, the new payment would be approximately $329 with the interest portion of the loan being again tax deductible over its life.
By making the choice for fine dentistry today, not only do you get it done locking in your cost in today’s dollars (the average cost for complex dental care increases 5-7% yearly!), but the IRS benefit to you is significant from a tax standpoint. The IRS will literally give you $11,281 back on your taxes to benefit your health!
We can even recommend a tax advisor to help with this option.
Please let us know what we can do to help you to receive the greatest number of benefits.
Dr. Len Anglis and Staff